How Long Does It Take to Earn a Master’s Degree Online?

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For those who don’t have the time to sit in a traditional classroom, online learning provides an opportunity that would not otherwise be possible. This is a major reason why master’s degrees are extremely popular in the online format. Since the master’s degree is such a high-level degree, many students seeking the credential already have well-established careers and full-time jobs, yet are seeking ways to continue their professional advancement. And many master’s degree students already have children and other family responsibilities that preclude spending all day on a college campus.

Recognizing the need to help those individuals with work and family responsibilities earn the higher education degree they need; many colleges and universities offer several online master’s degree programs. We’ll take a look at what prospective master’s degree students can expect from an online degree program and provide a bit of advice in choosing the right program for their unique needs.

What Are the Highest Paying Online Master’s Degrees?

Getting more education is one of the best ways to increase an individual’s salary. However, it’s important to remember that the increase in salary is not universal. It depends on many factors, including the subject area the graduate degree is in, where the worker lives and much more. The following table provides a sampling of what graduates of a master’s degree program might expect from certain careers.

What Are the Most Popular Master’s Degrees to Earn Online?

For the most part, a master’s degree is a way for someone with an undergraduate degree to further specialize in a particular area of study. This is often to help the student achieve a promotion or move into a different career path from one they would otherwise have with just a bachelor’s or associate degree. To learn more about some of the popular fields students choose for a master’s degree, check out the following chart, which links to more detailed pages about particular subject areas.

Are Online Master’s Degrees Cheaper?

The price of obtaining an online master’s degree is typically comparable to a conventional, on-campus master’s program. There are also a few costs associated with online education that aren’t usually present with on-campus learning. However, it’s common for an online program to be cheaper and more cost effective than attending class in-person. Below are some of the added costs—as well as some cost savings—an online student can expect in a typical master’s degree program.

Can You Get Financial Aid for Online Master’s Programs?

Attending school online rarely makes any difference with respect to eligibility for financial aid. Online students have access to the same state, federal and privately funded financial aid awards as any other student. The biggest exception has to do with accreditation.

Accreditation is the independent review of a school and/or program to ensure it meets basic levels of education quality. In other words, it makes sure the degree a student receives actually means something. A degree from an accredited school is readily recognized by other schools (assuming a student chooses to transfer or further their education with the doctorate), as well as potential employers. But when it comes to financial aid, accreditation is vitally important—most financial aid providers will only give financial aid to students who are attending an accredited program or school.

Most students will need to complete the FAFSA, or Free Application for Federal Student Aid, to become eligible for financial aid. The FAFSA is the official application for federal financial aid. There are numerous federal-based aid options for graduate students, with more information available at the official federal government website, Federal Student Aid.

Even if students don’t want to apply for federal financial aid, they’ll still need to complete the FAFSA. It’s almost always required for the granting of state-based aid. Additionally, many private scholarships will require applicants to complete the FAFSA to be eligible.

Master’s students should keep in mind that most federal and state-based aid will be available to them, but not quite as much as they got as undergraduate students. This is because many government-supported financial aid awards focus more on undergraduate students. However, master’s degree students can find certain types of financial aid awards available to them that aren’t usually available at the undergraduate level, such as fellowships.

How Can I Find the Best Online Master’s Programs?

Because the idea of “best” is based primarily on the particular needs of the student, making a universal list of “best” programs is not a one-size-fits-all proposition. While the following list ranks schools, it does so by analyzing a number of different factors on which students typically place heavy consideration when choosing a program. For example, students more interested in getting a degree as cheaply as possible can focus in on the cost of attendance and place less emphasis on student-to-faculty ratio. Decisions like this allow future college students to find the best program within the context of their specific needs.